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A large international corporation in the United States forecasts a euro/dollar exchange rate of 1.10/$ one year from now, and a British pound () exchange

A large international corporation in the United States forecasts a euro/dollar exchange rate of €1.10/$ one year from now, and a British pound (£) exchange rate of $1.40 in the same time frame.

What does this mean for the company's planned euro/pound cost in a year?

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ANSWER Converting the pounddollar rate to a poundeuro rate gives us 1 071 calculated as 14011... blur-text-image

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